Cooper Financial Group Acquires Shares of 5,561 SpaceX $SPCX

Cooper Financial Group bought a new position in SpaceX (NASDAQ:SPCX) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 5,561 shares of the company’s stock, valued at approximately $950,000.

A number of other large investors have also recently modified their holdings of SPCX. Dynamic Advisor Solutions LLC purchased a new position in shares of SpaceX during the second quarter valued at about $3,383,000. Castle Rock Wealth Management LLC purchased a new stake in SpaceX in the second quarter worth about $2,310,000. Assenagon Asset Management S.A. bought a new stake in SpaceX during the 2nd quarter valued at approximately $2,502,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of SpaceX during the 2nd quarter worth approximately $566,000. Finally, Apella Capital LLC bought a new position in shares of SpaceX in the 2nd quarter worth approximately $452,000.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Lockup pressure was less severe than feared. Approximately 911.5 million shares became eligible for trading, more than doubling SpaceX’s public float. However, the stock remained resilient, suggesting that selling may have been largely anticipated and that existing shareholders and retail investors were willing to support the shares. SpaceX’s stock is having one of its best days ever with the first lockup expiration now behind it
• Positive Sentiment: Analysts turned more constructive. Argus upgraded SpaceX to Buy and set a $160 price target, citing accelerating AI revenue, cloud contracts and a potential payback period of less than one year for new AI spending. JPMorgan also raised its target, reinforcing the bullish view on SpaceX’s compute opportunity. SpaceX Stock Just Scored a New Buy Rating
• Positive Sentiment: Quarterly growth remains impressive. SpaceX reported revenue of $7.81 billion, up 91.9% year over year, and a smaller-than-expected loss of $0.09 per share. Reports also highlighted $20.8 billion of combined AI cloud contracts, $2.56 billion in AI revenue and continued profitability at Starlink. SpaceX Signed $14.1 Billion of Cloud Contracts in a Single Quarter
• Positive Sentiment: AI infrastructure plans are expanding. SpaceX’s partnership with Nvidia to deploy next-generation hardware in terrestrial and orbital data centers, along with the planned $16.8 billion Terafab chip factory with Tesla, strengthens the company’s long-term AI and compute narrative. SpaceX’s Terafab will rely on natural gas power plants
• Neutral Sentiment: Speculation about a SpaceX-Tesla merger or tracking-stock structure added attention but remains unconfirmed. Jefferies characterized the possibility as uncertain rather than an immediate catalyst. Jefferies weighs in on SpaceX-Tesla merger speculation
• Negative Sentiment: Risks remain substantial. SpaceX is committing roughly $15.8 billion of quarterly capital spending to AI and remains GAAP-loss-making. Additional staged unlocks through December could create further supply, while concerns about contract cancellations, valuation and the execution of Starlink Mobile continue to limit investor conviction.

Analyst Ratings Changes

A number of research firms have recently commented on SPCX. Needham & Company LLC restated a “buy” rating and issued a $250.00 target price on shares of SpaceX in a research note on Wednesday. Wells Fargo & Company decreased their price objective on SpaceX from $230.00 to $215.00 and set an “overweight” rating for the company in a report on Wednesday. Raymond James Financial lowered SpaceX from a “strong-buy” rating to an “underperform” rating in a research report on Friday. Stifel Nicolaus started coverage on shares of SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $190.00 target price on the stock. Finally, Zacks Research upgraded shares of SpaceX to a “hold” rating in a research note on Monday, June 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $227.31.

SpaceX Stock Performance

SpaceX stock opened at $133.11 on Friday. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The company has a current ratio of 5.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average of $143.35.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter. SpaceX’s revenue was up 91.9% on a year-over-year basis. On average, research analysts anticipate that SpaceX will post -0.28 EPS for the current year.

SpaceX Company Profile

SpaceX, or Space Exploration Technologies Corp., is an American aerospace company focused on the design, manufacture and launch of advanced rockets and spacecraft. The company develops launch vehicles and space systems used for commercial, government and scientific missions, with a strong emphasis on lowering the cost of access to space through reusable rocket technology.

Founded in 2002 by Elon Musk, SpaceX has built a broad portfolio of products and services that includes the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starship development program.